CULINEA: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CULINEA
Largest movements
- Receivables within one year +€247,294
up €247,294 (+42.0%), from €589,266 to €836,560
of which Trade receivables: +€244,935
- Stocks and contracts -€106,420
down €106,420 (-94.2%), from €112,932 to €6,512
- Cash -€20,155
down €20,155 (-52.1%), from €38,720 to €18,565
mainly Receivables within one year (-€247,294) and Investment in fixed assets (net) (-€39,314)
- Trade debts +€94,103
up €94,103 (+60.9%), from €154,515 to €248,618
- Profit (loss) carried forward +€26,859
up €26,859 (+8.9%), from €302,764 to €329,623
- Write-downs -€51,236
no longer reported in 2024 (was €51,236)
- Depreciation +€39,314
new in 2024: €39,314
- Staff costs +€29,414
up €29,414 (+132.9%), from €22,133 to €51,547
- Other operating charges +€15,888
up €15,888 (+479.6%), from €3,313 to €19,201
- Taxes -€15,385
down €15,385 (-66.1%), from €23,266 to €7,881
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €741,868 | €862,587 | +€120,719 | +16.3% |
| Fixed assets | 21/28 | €950 | €950 | = | 0.0% |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €740,918 | €861,637 | +€120,719 | +16.3% |
| Stocks and contracts in progress | 3 | €112,932 | €6,512 | -€106,420 | -94.2% |
| Stocks | 30/36 | €112,932 | €6,512 | -€106,420 | -94.2% |
| Amounts receivable within one year | 40/41 | €589,266 | €836,560 | +€247,294 | +42.0% |
| Trade receivables | 40 | €586,192 | €831,127 | +€244,935 | +41.8% |
| Other amounts receivable | 41 | €3,074 | €5,433 | +€2,359 | +76.7% |
| Cash at bank and in hand | 54/58 | €38,720 | €18,565 | -€20,155 | -52.1% |
| Total equity and liabilities | 10/49 | €741,868 | €862,587 | +€120,719 | +16.3% |
| Equity | 10/15 | €323,764 | €350,623 | +€26,859 | +8.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,400 | €2,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,400 | €2,400 | = | 0.0% |
| Legal reserve | 130 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €302,764 | €329,623 | +€26,859 | +8.9% |
| Amounts payable | 17/49 | €418,104 | €511,964 | +€93,860 | +22.4% |
| Amounts payable within one year | 42/48 | €418,104 | €511,964 | +€93,860 | +22.4% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €154,515 | €248,618 | +€94,103 | +60.9% |
| Suppliers | 440/4 | €154,515 | €248,618 | +€94,103 | +60.9% |
| Taxes, remuneration and social security | 45 | €81,564 | €81,321 | -€243 | -0.3% |
| Taxes | 450/3 | €36,610 | €9,710 | -€26,900 | -73.5% |
| Remuneration and social security | 454/9 | €44,954 | €71,611 | +€26,657 | +59.3% |
| Other amounts payable | 47/48 | €82,025 | €82,025 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €22,133 | €51,547 | +€29,414 | +132.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €39,314 | +€39,314 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €51,236 | - | -€51,236 | |
| Other operating charges | 640/8 | €3,313 | €19,201 | +€15,888 | +479.6% |
| Gross operating margin | 9900 | €139,369 | €152,343 | +€12,974 | +9.3% |
| Operating profit (loss) | 9901 | €62,687 | €42,281 | -€20,406 | -32.6% |
| Financial income | 75/76B | €11 | €838 | +€827 | +7518.2% |
| Recurring financial income | 75 | €11 | €113 | +€102 | +927.3% |
| Non-recurring financial income | 76B | - | €725 | +€725 | |
| Financial charges | 65/66B | €7,437 | €8,379 | +€942 | +12.7% |
| Recurring financial charges | 65 | €7,437 | €8,379 | +€942 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €55,261 | €34,740 | -€20,521 | -37.1% |
| Income taxes | 67/77 | €23,266 | €7,881 | -€15,385 | -66.1% |
| Profit (loss) for the period | 9904 | €31,995 | €26,859 | -€5,136 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,995 | €26,859 | -€5,136 | -16.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.